Market Highlights
The global Residential Entry Doors Market is estimated to reach a global market value that accounts for USD 107,954 billion during the forecast period of 2021-2028 and is forecasted to be growing at a Residential Entry Doors Market CAGR of 6% from 2021 to 2028. Growth is expected to be driven by rising disposable income, increasing urbanization, and the demand for aesthetic appeal in residential spaces. Higher disposable incomes of the middle-class consumers and the growing construction industries are factors driving the growth of Residential Entry Doors Market.
Increase in demand for energy-efficient doors, renovation of households, community development, and administrative subsidies are factors which are increasing construction and repair activities which are projected to propel the Residential Entry Doors Market. Also, the expanding construction industry across the globe has directly contributed to the growth of Global Residential Entry Doors Market. Moreover, the growth of the market is likely to be challenged by the high price of the wooden and eco-friendly doors owing to the growing environmental concerns.
Market Research Analysis
The global Residential Entry Doors Market is a dynamic one and is expected to witness high growth over the forecast period. The market for the exterior doors is driven by construction and renovation of hotels, restaurants, multiplexes, supermarkets, and residential spaces owing to the rising need to enhance their aesthetic appeal. Increasing government investment for infrastructural development, increase in public funding, and steady decline in the cost of building raw materials, are cumulatively expected to propel the growth of global Residential Entry Doors Market. Asia-Pacific is expected to be the fastest growing segment by region. Of late, transformation of towns into cities and migration of the rural population to urban areas is expected to offer new investment opportunities for the manufacturers and new players in the global market during the forecast period. Population in the developing economies like India, China, and Brazil has changed their buying patterns which has resulted in the sale of high-quality exterior doors. Rising residential and non-residential construction activities, rapid urbanization, and growing middle-class population are equally potent factors responsible for the market growth during the forecast period. The rising construction market enable global players to introduce new products, expand to new regions, and develop new technologies to meet the ever-changing customer demand. The demand for exterior doors has been increasing in the Asia-Pacific region majorly due to a large consumer base, their changing lifestyle, and increasing purchasing power.
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Scope of the Report
This study provides an overview of the global Residential Entry Doors Market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Residential Entry Doors Market by its type, material, mechanism, application and region.
By Type
Panel Door
Bypass Door
Bifold Door
Pocket Door
Others
By Material
Wood
Glass
Metal
Composite
Plastic
By Mechanism
Swinging Door
Sliding Door
Folding Door
Overhead Door
Others
By Application
Non-Residential
Residential
By Region
North America
Asia-Pacific
Europe
Rest of the World
Key Players
The key players of global Residential Entry Doors Market include ASSA ABLOY (Sweden), JELD-WEN, Inc. (US), Marvin Windows and Doors (US), PELLA CORPORATION (US), Masonite (US), Bayer Built Inc. (US), Hörmann (Germany), LIXIL Group Corporation. (Japan), Yuanda China Holdings Limited (China), and Anderson Corporation (US) among others.
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